Coty Posts Q4 Beat; Gucci License Exit Looms
Coty posted a modest Q4 revenue rise and stronger cash flow as it monetizes non-core assets and exits the Gucci Beauty license, while outlining FY27 as a transition year under its Coty.Curated portfolio simplification and ongoing cost discipline. The company also appointed Soraya Benchikh as CFO as part of a broader organizational refresh and signaled potential divestitures of brands like CoverGirl or Rimmel to fund debt reduction and reinvestment in core brands amid continued beauty demand headwinds.
Business · 9 sources · Aug 19, 2026Read itThe journal
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About CoverGirl
CoverGirl is an American cosmetics brand founded in Maryland, United States, by the Noxzema Chemical Company. It was acquired by Procter & Gamble in 1989, and later acquired by Coty, Inc. in 2016. The Noxell Company advertised this cosmetics line by allowing "cover girls,” models, actresses, and singers who appear on the front cover of women's magazines, to wear its products. CoverGirl primarily provides a wide variety of consumer-grade cosmetics.
Everything about CoverGirl →- Country
- United States
- Headquarters
- Maryland
- Inception
- 1961
- Website
- http://www.covergirl.com